Local bodies get one-third of total grant
KATHMANDU: Local bodies have received one-third of the government grant on Sunday.
Of the total government grant worth Rs 225 billion that the local bodies are supposed to get in the first quadrimester of this fiscal, they have received Rs 75 billion as the first tranche of the grant in their respective bank accounts.
The government has allocated equalisation and conditional grants to the local units. According to the Ministry of Finance, rural municipalities will get a minimum of Rs 100 million to Rs 390 million, municipalities will get Rs 150 million to Rs 430 million, sub-metropolitan cities will get Rs 400 million to Rs 630 million and metropolitan cities will get Rs 560 million to Rs 1.24 billion.